The answer

Build the answer from the actual transaction rather than one percentage. Include deposit timing, legal fees and disbursements, registration or title-related costs, inspections and specialists, appraisal where applicable, insurance, property-tax and utility adjustments, condo or HOA items, moving and storage, immediate repairs or furnishings, overlapping housing, and an emergency and capital reserve. Tax, rebate, lender, and legal treatment require current advice.

Calgary-specific context

Calgary condo move charges, winter moving, older-home repairs, new-build completion items, rural-style inspections, relocation travel, and sale-purchase overlap can materially change the cash requirement.

What to do next

Run the closing-cost calculator, obtain lawyer and lender estimates, and protect a separate post-closing cash floor before increasing the down payment or offer price.

Related guides

Interactive toolCalgary Closing Cost CalculatorEstimate cash needed beyond your down payment for a Calgary purchase.buyer articleCalgary Closing Costs ExplainedClosing costs are manageable when planned early. The painful version is discovering them after writing an offer at the top of your approval.Decision playbookCalgary Mortgage and Financing PlaybookCalgary Mortgage and Financing Playbook for Calgary buyers and move-up households who need to coordinate qualification, payment comfort, down payment, property approval, appraisal, conditions, and closing cash: Turn a pre-approval or early lender conversation into a property-ready financing plan before an offer deadline creates pressure.Interactive toolCalgary Closing and Possession PlannerPlan Calgary closing and possession readiness across lawyer file, cash to close, insurance, utilities, walkthrough, condo move-in rules, RPR/title items, keys, movers, sale proceeds, and post-possession repairs.

Verify before relying

Official sources for this topic

These sources explain the rules and records relevant to this topic. Check the current requirements for your property.

RECA consumer informationAlberta real estate consumer guidance.CMHCOfficial mortgage loan insurance, minimum down-payment, premium, and eligibility education.FCAC mortgage pre-approvalOfficial federal guidance on mortgage pre-approval, documents, rate holds, costs, and why pre-approval is not final approval.OSFI mortgage qualifying rateOfficial current minimum qualifying-rate policy for uninsured mortgages at federally regulated lenders.Bank of Canada ratesInterest-rate context for affordability discussions.Alberta condominium informationOfficial condominium law, document, insurance, bylaw, reserve-fund, and ownership information.

Check the current information at the linked source. Ask the appropriate professional how it applies to your property.

Important

This is general information, not mortgage, tax, or financial advice. Speak with a qualified professional before making financial decisions.

RELATED GUIDES / Buying & financing

Check your financing for the specific property.

A pre-approval is not final financing. Confirm the property, appraisal, insurer, cash to close and lender conditions before deciding whether to remove a financing condition. A planning score cannot authorize a purchase.

Official verification: FCAC: getting pre-approved for a mortgage ↗

Affiliated network resources provide context. Confirm rules, approvals and property records with the responsible authority.